In the labor market, if the government imposes a minimum wage that is

In the labor market, if the government imposes a minimum wage that is below the equilibrium wage, then

A) workers who wish to work at the minimum wage will have a difficult time finding jobs.
B) firms will hire fewer workers than without the minimum wage law.
C) some workers may lose their jobs as a result.
D) nothing will happen to the wage rate or employment.

ANSWER

D